Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8841
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
Central, Egypt
Posts: 0
26 days ago
Jul 24, 2019 22:29
Symmetrical Triangle

The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.

Four (4) Points: At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.

Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.

Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.

Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.

Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.

Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts.

Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.

Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.

free forex signals presents special offer
open trading account with one of the best forex brokers and GET FREE forex Signals via SMS, Email and WhatsApp
SIGN UP FOR A FREE TRIAL To Access FREE Forex Signals in the Members Area START FREE 30 DAYS TRIAL on

New York, United States
Posts: 0
27 days ago
Jul 24, 2019 12:08
All kinds of songs from different genres and languages in one place! There are millions of users of iTunes across the world. It is free for download on ios mobiles and MacBook. Itunes has a strong network of iTunes customer service. In case the users have any queries or the problems regarding the service, then they can take assistance from the Itunes customer service executives. By just calling at the iTunes customer service, their problems can be solved. The service is completely free for all the users.

The iTunes customer service executives take all the calls immediately and make sure that all the issue of the user is resolved. The representatives and executives work quite hard consistently to fix any problem and make sure to keep all the customers happy and satisfied. Moreover, iTunes is quite popular for the excellent and satisfactory kind of service they provide to their user.
New York, United States
Posts: 0
28 days ago
Jul 23, 2019 7:34
Shaw Communication Inc. is the company which has been providing its services since 1966 and has become one of the big names in the Cable entertainment and other fields like the internet. At present, there are millions of subscribers which are using the facilities provided by them. It is operating the national fiber optics. It is providing data networking, voice, video, and internet services to all the companies of all the sizes.

So when the company of this caliber is defiantly going to face some of the minor issues. These can cause some problems to the users as well. For those problems, it provides the facility for customer service. The user can contact the Shaw Customer Service number and remove all the doubts it has regarding the company or the problems they are facing while using its services.
Madhupur, Bangladesh
Posts: 0
1 year ago
Jun 20, 2018 4:33
If you want to gain good result in your trading life visit here and learn more
Athar dewidar, Egypt
Posts: 0
1 year ago
Jun 10, 2018 1:18

Gold Pattern the best gold forecast and gold trading signals provider presents buy gold signals today

Spot gold and gold price expectations today for free and buy opportunities at 1292 level
The price of gold on the Gold Exchange is trading above the long term bullish trend line
The price of gold and the correction wave of the last two weeks fell from the level of 1307 to level 1290
and Formed a zigzag correction pattern known as zigzag or measured move pattern
Which represents an opportunity to buy gold today for this Gold pattern the best gold signals provider is offering a recommendation to buy gold today
buy @ 1292
tp @ 1304
sl @ 1286
Summary of today's gold price forecast and gold trading signals
Gold is preferred to buy on the gold market today as long as the price of gold is above the level of 1286 with a target of 1302 level of profit

Athar dewidar, Egypt
Posts: 0
1 year ago
May 29, 2018 20:49

the best free GOLD trading signals SMS from the best gold signals provider

Gold signals and gold price expectations today from the best free GOLD trading signals SMS daily live
Gold price trend in the gold market is bearish in the short and medium term
The price of gold rose this week and came close to the 1307 level where the price of gold is testing the falling trend line
For the fourth time, which represents an opportunity to send recommendations for the sale of gold today
The RSI on the hourly frame has also declined from the oversold territory
Gold trading signals Today and gold forecast free
sell @ 1306
tp @ 1292
sl @ 1313
Gold Technical analysis and Gold Price Trends
Gold is preferred to sell as long as gold trades below the falling trend line and below 1313 targeting 1292 level of profit

Gold Pattern the best forex gold signals provider
free gold signals and forex signals via SMS , Email
and online by
free forex signals sms
Gold Signals And gold technical analysis
Forex Signals and forex technical analysis
GoldPattern | gold signals | free gold signal | forex signals | trading signals
free forex signals online
paid forex signals

Athar dewidar, Egypt
Posts: 0
1 year ago
May 24, 2018 15:51

gold trading signals free and buy after gold price test uptrend line for third time

gold price touched the uptrend line for third time near lecel 1285 and uptrend line play support level role succesfully
which generate buy gold trading signal today
gold price formed broadening formation pattern on daily chart and XAU USD PRICES touched lower line near 1285 also
for third time for this reasons gold pattern the best gold signals provider offers free gold trading signals today to buy gold
buy @ 1288
tp @ 1302
sl @ 1281
gold trading analysis and gold signals live today sunmmery
it is prefered to buy gold xau usd today as lon as gold price above 1281 and take profit will be at 1302

Ashraf Laidi
London, UK
Posts: 0
1 year ago
May 4, 2018 10:55
In reply to supertrader2018's post

Thanks for your contributions to my website.

You are correct, many of those trades were stopped out. Trades of the last 2 weeks But where were you when in Jan-March, we netted more than 2500 pips in gains? And where were you in all of 2017 when I called the decline in USD since Jan while many were calling for 110. The DOW30, DAX30, FTSE100, USDJPY, EURUSD and gold trades. What about the 2 winning trades in USDCAD and 3 winning trades GBPAUD. I could go on more.

You can carry one using false accusations, attacks on my website. It is a free world. Go right ahead. Maybe you ask why we continue to have subscribers every month for the past 7 years and those who leave end up coming back.

Best of luck

dublin, Ireland
Posts: 0
1 year ago
Apr 27, 2018 8:51
And he is buzy trying to fraud some arabic presentation because very few can speak the freaking language so why not get some tardy analysis in arabic and get some subs from middle east. So while is he presenting some crapy analysis about fiscal and trade stuff in arabic in dubai, all his trades are stopped out and not even an explanation.

Stay as far away from this guy if you dont want to lose your money. He has no idea about trading.
dublin, Ireland
Posts: 0
1 year ago
Apr 27, 2018 8:34
What happened tO Asraf ? He is not on twitter tweeting about ECB and BoJ after harping about them for the whole month. Come the event and the man is gone.

100% of Ashraf trades are stopped out. Absolute carnage.

USDJP stopped out 180 pips stop out.
EURUSD stopped 200 pip stop out
GBPUSD 140 pip stopout.


AUDUSD 200 pip stopout
EURGBP 200 pip stopout.

The EURGBP stopout was after 6 months. Imagine the swap on it.

Index trade stopped DAX and what does the man do? Reissue it with a even wider stop.

Man this is carnage. Never seen anyone like this. Margin called.